by Lara | Jun 14, 2017 | Gold |
A bounce was expected to end about 1,281. The high for Wednesday’s session fell just 1.94 short of this target to reach 1,279.06. Strong downwards movement was expected following the bounce. Summary: A small third wave down may be beginning. Stops for short...
by Lara | Jun 14, 2017 | Gold, Public Analysis
Technical analysis chart of Gold with Volume and On Balance Volume indicators, and support and resistance lines, may give guidance as to the direction Gold may take after FED Interest rate decision. Click chart to enlarge. Chart courtesy of StockCharts.com. The recent...
by Lara | Jun 13, 2017 | Gold |
Downwards movement continues a little lower, which was not what was expected for Tuesday’s session. Summary: A second wave bounce may end about 1,281. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just above the last...
by Lara | Jun 13, 2017 | US Oil |
Since last analysis downwards movement continues as expected. Trading advice on how to protect short positions is given for members this week. Summary: Pull stops on short positions down now to either breakeven or just above the high of the 5th of June at 48.42. If...
by Lara | Jun 12, 2017 | Gold |
A slight new low followed by some sideways movement fits mostly with expectations for the hourly Elliott wave count. Summary: A second wave bounce may end about 1,277. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just...
by Lara | Jun 10, 2017 | Gold |
The invalidation point on the daily chart was breached indicating a trend change. Summary: It looks like Gold has had a trend change, but this will not be finally confirmed until price makes a new low below 1,214.81. Because the short side involves reasonable risk it...
by Lara | Jun 8, 2017 | Silver
Again, price remained within the channel on the first daily chart. There is as yet no confirmation of a trend change. Summary: Use the pink Elliott channel on the first daily chart. If price breaks below the channel, expect the next wave down has begun. Stops may be...
by Lara | Jun 8, 2017 | Gold |
Downwards movement remained just above the invalidation point on the daily chart. The target is adjusted. Summary: The Elliott wave target for upwards movement to end is now 1,308, just below the classic analysis target at 1,310, giving a $2 range with a reasonable...
by Lara | Jun 7, 2017 | Gold, Gold Historical |
It is time to step back and take another look at the bigger picture as cycle wave b becomes a little clearer. Summary: In the short term, expect more upwards movement to a new target at 1,326. If price moves below 1,281.94, then a slightly deeper longer lasting...
